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Technical analysis by TrendmasterOfficial about Symbol BTC: Buy recommendation (4/13/2022)

https://sahmeto.com/message/2755879
TrendmasterOfficial
TrendmasterOfficial
Rank: 8989
1.5
Buy،Technical،TrendmasterOfficial

BTC had a nice pump and 4hr close over 41kThere are some Daily S/R Levels where we are at nowbut nothing significant has been backtestedStill not convinced of a midterm reversal as we want the current4hr to potentially test 40.7k at a minimum and close over 41k or higher for bullish continuation. Nice to see some relief finally after a harsh 2-week downtrendBut nothing is confirmed yet, and we want the DXY to continue to dump to the downside as well as close 4hr or higher under 100Look for a 3 tap failure from DXY from its weekly open. Watch for BTC and ETH dominance to switch so increasing ETH.D and decreasing BTC.D with BTC either sideways or low volume upside to see ALTS get some needed relief.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$41,296.38
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